Getting Started Example for PROC LOAN
/*--------------------------------------------------------------
SAS Sample Library
Name: loags.sas
Description: Example program from SAS/ETS User's Guide,
The LOAN Procedure
Title: Getting Started Example for PROC LOAN
Product: SAS/ETS Software
Keys: fixed rate, adjustable rate, buydown,
and balloon payment loans
PROC: LOAN
Notes:
--------------------------------------------------------------*/
proc loan start=1998:12;
fixed amount=100000 rate=7.5 life=180
label='BANK1, Fixed Rate';
run;
proc loan start=1998:12;
balloon amount=100000 rate=7.5 life=180
balloonpayment=(15=2000 48=1000)
label = 'BANK2, with Balloon Payment';
run;
proc loan start=1998:12;
arm amount=100000 rate=5.5 life=180 worstcase
caps=(0.5, 2.5)
label='BANK3, Adjustable Rate';
run;
proc loan start=1998:12;
buydown amount=100000 rate=6.5 life=180
buydownrates=(24=8 48=9) pointpct=1
label='BANK4, Buydown';
run;
proc loan start=1998:12;
fixed amount=100000 rate=7.5 life=180
schedule=1
label='BANK1, Fixed Rate';
run;
proc loan start=1998:12;
buydown amount=100000 rate=6.5 life=180
buydownrates=(24=8 48=9) pointpct=1
schedule=yearly
label='BANK4, Buydown';
run;
proc loan start=1998:12 amount=120000;
fixed rate=7.5 life=360 label='30 year loan';
fixed rate=6.5 life=180 label='15 year loan';
compare;
run;
proc loan start=1998:12 amount=120000 life=360;
fixed rate=7.5 label='BANK1, Fixed Rate';
arm rate=6.0 worstcase caps=(0.5 2.5)
label='BANK3, Adjustable Rate';
compare taxrate=28 at=(60 120);
run;